I just got a 300k check. There are 5 condos in my area that are ~~300k each. Would it be retarded to put 20% down on 5 of them and rent them out? I have savings so this money isn't that important to me

>>1503518That would be a risky fucking endeavor. Remember, when you own rental properties, you have a job. For each month a property goes without a tenant, you lose both potential income and whatever mortgage you have to pay. Tenants are people. People damage things, and you won't believe just how much damage they can cause (especially.. poorer tenants).

So yes, it would be pretty fucking retarded to put 20% down on 5 condos, even assuming you can afford to pay down the mortgages without tenants.

>>1503568Depends on where OP is living.But if its a safe city where you dont have problems finding people who rents.And they are generally white people, not european gypsys or american niggers who steal your copper wire and dont pay rent it should be okay.

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